African Commercial Vehicles Market, Forecast to 2025

African Commercial Vehicles Market, Forecast to 2025

Despite Slowdown, the Market is Expected to Grow at a Robust CAGR of 6.1% until 2025, Driven by Increasing Infrastructure Developments

RELEASE DATE
05-May-2017
REGION
Africa
Research Code: MCDA-01-00-00-00
SKU: AU01477-AF-MR_19985

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Description

The African commercial vehicles (CV) market, despite the slowdown due to low oil and commodity prices, is expected to grow at a compound annual growth rate (CAGR) of 6.1%, largely driven by increasing infrastructural developments and rising urbanisation. South Africa is the largest contributor to the CV market in Africa, with 53% share. However, until 2025, Nigeria, Kenya, and Morocco are expected to be the fastest-growing markets and the only ones to increase their share in the overall CV market. Apart from Nigeria, where the CV market is in turmoil, Kenya, Morocco, and Tanzania are expected to be the fastest-growing CV markets in Africa until 2025.

The light-duty (LD) trucks segment is dominated by Japanese original equipment manufacturers (OEMs) such as Isuzu, Toyota, and Mitsubishi, making up 67.8% of the market. The medium- and heavy-duty (M&HD) trucks segment, on the other hand, is fragmented, with a more balanced split among key OEMs. In the bus segment, however, European participants are more prominent, with nearly 50% market share. Asian OEMs, especially those from China and India, are expected to further proliferate at a rapid pace and spearhead the supply of value trucks in the region.
Latest technologies such as alternative powertrain and truck telematics penetration are negligible. Apart from a few compressed natural gas (CNG) buses in certain North African markets and the adoption of some basic telematics services in South Africa, there is no presence of these technologies in the region.

New vehicles in Africa are predominantly imported as knocked-down kits and assembled in local facilities, whereas used vehicles are imported as fully built units. The African new trucks market was predominantly dominated by premium brands from North America and Europe. White spaces in the lower price range and market potential enticed Asian manufacturers into setting up shop in the region. Asian manufacturers have gained traction in recent years, due to optimum truck specifications that comply with regional demands. These brands are positioned as affordable and value-for-money alternatives to their premium counterparts. The imported used trucks market in the Sub-Saharan region is dominant across all truck segments, especially in countries such as Ghana and Nigeria. The North African region has very little used trucks imports in the LD trucks segment, due to strict regulations, whereas used trucks imports are prevalent in the M&HD trucks segment. Most of the imports from Europe (constituting European brands) are in the HD tractors segment. In the LD and MD trucks segments, however, used trucks imports mainly constitute Chinese and Japanese brands.

In North Africa, there is growing emphasis on urban transport, along with government incentives to produce vehicles locally. This is expected to have the biggest impact on the CV market in the region. Top trends in the Sub-Saharan region include accelerated infrastructural development, rapid urbanization, and increasing proliferation of Asian OEMs. Major economies of Africa are expected to recover from the current slump once oil and commodity prices start climbing up, after which they are expected to be back on the path of accelerated growth.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Top Trends

Truck and Bus Business Model

Market Opportunity

Unit Sales and Market Share Forecast

Rise of Asian OEMs

Key Regional Trends

Current and Future Outlook

Research Scope

Research Aims and Objectives

Research Methodology

Top Trends

Growing Urban Centres

Regional Integration and Trade Corridors

Infrastructure Projects

Road Infrastructure

Truck and Bus Business Model

Average Engine Specifications and Vehicle Price Points

Market Opportunity

Unit Sales and Market Share Forecast

Africa—CV Sales and Forecast

M&HD Trucks

LD Trucks and Buses

New Trucks Sales Vs Imported Used Trucks Sales

Rise of Asian OEMs

Rise of Value Trucks

Alternative Fuel Vehicles

Truck Telematics in Africa

Key Regional Trends

North Africa CV Sales and Forecast

M&HD Trucks

LD Trucks and Buses

Major OEMs Portfolio

Economic KPIs

Algeria CV Sales and Forecast

Exhibit Models

Market Condition

Economic KPIs

Egypt CV Sales and Forecast

Exhibit Models

Market Condition

Economic KPIs

Morocco CV Sales and Forecast

Exhibit Models

Market Condition

Key Regional Trends

Sub-Saharan Africa CV Sales and Forecast

M&HD Trucks

LD Trucks and Buses

Major OEMs Portfolio

Economic KPIs

Ghana CV Sales and Forecast

Exhibit Models

Market Condition

Economic KPIs

Kenya CV Sales and Forecast

Exhibit Models

Market Condition

Economic KPIs

Nigeria CV Sales and Forecast

Exhibit Models

Market Condition

Economic KPIs

South Africa CV Sales and Forecast

Exhibit Models

Market Condition

Economic KPIs

Tanzania CV Sales and Forecast

Exhibit Models

Market Condition

Growth Opportunity—Growing Segment and Alternative Technology

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Abbreviations and Acronyms Used

List of Figures
  • 1. Commercial Vehicles Market: Key Findings, Africa, 2016
  • 2. Commercial Vehicles Market: Top Trends, Africa, 2016
  • 3. Commercial Vehicles Market: Business Model, Africa, 2016
  • 4. Commercial Vehicles Market: Market Opportunity, Africa, 2017–2025
  • 5. Commercial Vehicles Market: Unit Sales and Market Share Forecast, Africa, 2016–2025
  • 6. Commercial Vehicles Market: Rise of Asian OEMs, Africa, 2016
  • 7. Commercial Vehicles Market: Key Regional Trends, North Africa, 2016
  • 8. Commercial Vehicles Market: Key Regional Trends, Sub-Saharan Africa, 2016
  • 9. Commercial Vehicles Market: Current and Future Outlook, Africa, 2016 and 2025
  • 10. Commercial Vehicles Market: Key Industry Participants, Africa, 2016
  • 11. Commercial Vehicles Market: Top Trends, Africa, 2016
  • 12. Urban Population, Africa, 2025
  • 13. Commercial Vehicles Market: Regional Integration and Trade Corridors, Africa, 2016
  • 14. Commercial Vehicles Market: Infrastructure Projects, Africa, 2016
  • 15. Commercial Vehicles Market: Road Infrastructure, Africa, 2016
  • 16. Commercial Vehicles Market: Business Model, Africa, 2016
  • 17. Commercial Vehicles Market: Engine Specifications and Vehicle Price Points, Africa, 2016
  • 18. Commercial Vehicles Market: Market Opportunity, Africa, 2017–2025
  • 19. Commercial Vehicles Market: Unit Sales and Market Share Forecast, Africa, 2016–2025
  • 20. Commercial Vehicles Market: Rise of Asian OEMs, Africa, 2016
  • 21. Commercial Vehicles Market: M&HD Trucks Price Range and Features, Africa, 2016
  • 22. Commercial Vehicles Market: Alternative Fuel Vehicles, Africa, 2016
  • 23. Commercial Vehicles Market: Truck Telematics, Africa, 2016–2025
  • 24. Commercial Vehicles Market: Key Regional Trends, North Africa, 2016
  • 25. Commercial Vehicles Market: Major OEMs Portfolio, North Africa, 2016
  • 26. Commercial Vehicles Market: Exhibit Models, Algeria, 2016
  • 27. Commercial Vehicles Market: Market Condition, Algeria, 2016
  • 28. Commercial Vehicles Market: Exhibit Models, Egypt, 2016
  • 29. Commercial Vehicles Market: Market Condition, Egypt, 2016
  • 30. Commercial Vehicles Market: Exhibit Models, Morocco, 2016
  • 31. Commercial Vehicles Market: Market Condition, Morocco, 2016
  • 32. Commercial Vehicles Market: Key Regional Trends, Sub-Saharan Africa, 2016
  • 33. Commercial Vehicles Market: Major OEMs Portfolio, Sub-Saharan Africa, 2016
  • 34. Commercial Vehicles Market: Exhibit Models, Ghana, 2016
  • 35. Commercial Vehicles Market: Market Condition, Ghana, 2016
  • 36. Commercial Vehicles Market: Exhibit Models, Kenya, 2016
  • 37. Commercial Vehicles Market: Market Condition, Kenya, 2016
  • 38. Commercial Vehicles Market: Exhibit Models, Nigeria, 2016
  • 39. Commercial Vehicles Market: Market Condition, Nigeria, 2016
  • 40. Commercial Vehicles Market: Exhibit Models, South Africa, 2016
  • 41. Commercial Vehicles Market: Market Condition, South Africa, 2016
  • 42. Commercial Vehicles Market: Exhibit Models, Tanzania, 2016
  • 43. Commercial Vehicles Market: Market Condition, Tanzania, 2016
  • 44. Commercial Vehicles Market: Strategic Imperatives, Africa, 2016
  • 45. Commercial Vehicles Market: Future Outlook, Africa, 2016–2025
List of Charts
  • 1. Urban Population Forecast by Region, Africa, 1995–2025
  • 2. Commercial Vehicles Market: Engine Specifications and Vehicle Price Points, Africa, 2016
  • 3. Commercial Vehicles Market: CV Sales and Forecast, Africa, 2016–2025
  • 4. Commercial Vehicles Market: M&HD Trucks Market Share, Africa, 2016
  • 5. Commercial Vehicles Market: LD Trucks and Buses Market Share, Africa, 2016
  • 6. Commercial Vehicles Market: New Trucks Vs Imported Used Trucks Sales, Africa, 2016
  • 7. Commercial Vehicles Market: M&HD Value Trucks Split and Market Share, Africa, 2016 and 2025
  • 8. Commercial Vehicles Market: CV Sales and Forecast, North Africa, 2016–2025
  • 9. Commercial Vehicles Market: M&HD Trucks Market Share, North Africa, 2016
  • 10. Commercial Vehicles Market: LD Trucks and Buses Market Share, North Africa, 2016
  • 11. GDP Growth Rate, Algeria, 2014–2019
  • 12. Commercial Vehicles Market: CV Sales and Forecast, Algeria, 2016–2025
  • 13. GDP Growth Rate, Egypt, 2014–2019
  • 14. Commercial Vehicles Market: CV Sales and Forecast, Egypt, 2016–2025
  • 15. GDP Growth Rate, Morocco, 2014–2019
  • 16. Commercial Vehicles Market: CV Sales and Forecast, Morocco, 2016–2025
  • 17. Commercial Vehicles Market: CV Sales and Forecast, Sub-Saharan Africa, 2016–2025
  • 18. Commercial Vehicles Market: M&HD Trucks Market Share, Sub-Saharan Africa, 2016
  • 19. Commercial Vehicles Market: LD Trucks and Buses Market Share, Sub-Saharan Africa, 2016
  • 20. GDP Growth Rate, Ghana, 2014–2019
  • 21. Commercial Vehicles Market: CV Sales and Forecast, Ghana, 2016–2025
  • 22. GDP Growth Rate, Kenya, 2014–2019
  • 23. Commercial Vehicles Market: CV Sales and Forecast, Kenya, 2016–2025
  • 24. GDP Growth Rate, Nigeria, 2014–2019
  • 25. Commercial Vehicles Market: CV Sales and Forecast, Nigeria, 2016–2025
  • 26. GDP Growth Rate, South Africa, 2014–2019
  • 27. Commercial Vehicles Market: CV Sales and Forecast, South Africa, 2016–2025
  • 28. GDP Growth Rate, Tanzania, 2014–2019
  • 29. Commercial Vehicles Market: CV Sales and Forecast, Tanzania, 2016–2025
Related Research
The African commercial vehicles (CV) market, despite the slowdown due to low oil and commodity prices, is expected to grow at a compound annual growth rate (CAGR) of 6.1%, largely driven by increasing infrastructural developments and rising urbanisation. South Africa is the largest contributor to the CV market in Africa, with 53% share. However, until 2025, Nigeria, Kenya, and Morocco are expected to be the fastest-growing markets and the only ones to increase their share in the overall CV market. Apart from Nigeria, where the CV market is in turmoil, Kenya, Morocco, and Tanzania are expected to be the fastest-growing CV markets in Africa until 2025. The light-duty (LD) trucks segment is dominated by Japanese original equipment manufacturers (OEMs) such as Isuzu, Toyota, and Mitsubishi, making up 67.8% of the market. The medium- and heavy-duty (M&HD) trucks segment, on the other hand, is fragmented, with a more balanced split among key OEMs. In the bus segment, however, European participants are more prominent, with nearly 50% market share. Asian OEMs, especially those from China and India, are expected to further proliferate at a rapid pace and spearhead the supply of value trucks in the region. Latest technologies such as alternative powertrain and truck telematics penetration are negligible. Apart from a few compressed natural gas (CNG) buses in certain North African markets and the adoption of some basic telematics services in South Africa, there is no presence of these technologies in the region. New vehicles in Africa are predominantly imported as knocked-down kits and assembled in local facilities, whereas used vehicles are imported as fully built units. The African new trucks market was predominantly dominated by premium brands from North America and Europe. White spaces in the lower price range and market potential enticed Asian manufacturers into setting up shop in the region. Asian manufacturers have gained traction in recent years, due to optimum truck
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Table of Contents | Executive Summary~ || Key Findings~ || Top Trends~ || Truck and Bus Business Model~ || Market Opportunity~ || Unit Sales and Market Share Forecast~ || Rise of Asian OEMs~ || Key Regional Trends~ || Current and Future Outlook~ | Research Scope, Aim, Objectives, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Methodology~ | African CV Market~ || Top Trends~ || Growing Urban Centres~ || Regional Integration and Trade Corridors~ || Infrastructure Projects~ || Road Infrastructure~ || Truck and Bus Business Model~ || Average Engine Specifications and Vehicle Price Points~ || Market Opportunity~ || Unit Sales and Market Share Forecast~ || Africa—CV Sales and Forecast~ || M&HD Trucks~ || LD Trucks and Buses~ || New Trucks Sales Vs Imported Used Trucks Sales~ || Rise of Asian OEMs~ || Rise of Value Trucks~ || Alternative Fuel Vehicles~ || Truck Telematics in Africa~ | North African CV Market~ || Key Regional Trends~ || North Africa CV Sales and Forecast~ || M&HD Trucks~ || LD Trucks and Buses~ || Major OEMs Portfolio~ | Algeria CV Market~ || Economic KPIs~ || Algeria CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Egypt CV Market~ || Economic KPIs~ || Egypt CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Morocco CV Market~ || Economic KPIs~ || Morocco CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Sub-Saharan Africa CV Market~ || Key Regional Trends~ || Sub-Saharan Africa CV Sales and Forecast~ || M&HD Trucks~ || LD Trucks and Buses~ || Major OEMs Portfolio~ | Ghana CV Market~ || Economic KPIs~ || Ghana CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Kenya CV Market~ || Economic KPIs~ || Kenya CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Nigeria CV Market~ || Economic KPIs~ || Nigeria CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | South Africa CV Market~ || Economic KPIs~ || South Africa CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Tanzania CV Market~ || Economic KPIs~ || Tanzania CV Sales and Forecast~ || Exhibit Models~ || Market Condition~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Growing Segment and Alternative Technology~ || Strategic Imperatives for Success and Growth~ | Key Conclusions and Future Outlook~ || Key Conclusions and Future Outlook~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Abbreviations and Acronyms Used~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Commercial Vehicles Market: Key Findings, Africa, 2016~ 2. Commercial Vehicles Market: Top Trends, Africa, 2016~ 3. Commercial Vehicles Market: Business Model, Africa, 2016~ 4. Commercial Vehicles Market: Market Opportunity, Africa, 2017–2025~ 5. Commercial Vehicles Market: Unit Sales and Market Share Forecast, Africa, 2016–2025~ 6. Commercial Vehicles Market: Rise of Asian OEMs, Africa, 2016~ 7. Commercial Vehicles Market: Key Regional Trends, North Africa, 2016~ 8. Commercial Vehicles Market: Key Regional Trends, Sub-Saharan Africa, 2016~ 9. Commercial Vehicles Market: Current and Future Outlook, Africa, 2016 and 2025~ 10. Commercial Vehicles Market: Key Industry Participants, Africa, 2016~ 11. Commercial Vehicles Market: Top Trends, Africa, 2016~ 12. Urban Population, Africa, 2025~ 13. Commercial Vehicles Market: Regional Integration and Trade Corridors, Africa, 2016~ 14. Commercial Vehicles Market: Infrastructure Projects, Africa, 2016~ 15. Commercial Vehicles Market: Road Infrastructure, Africa, 2016~ 16. Commercial Vehicles Market: Business Model, Africa, 2016~ 17. Commercial Vehicles Market: Engine Specifications and Vehicle Price Points, Africa, 2016~ 18. Commercial Vehicles Market: Market Opportunity, Africa, 2017–2025~ 19. Commercial Vehicles Market: Unit Sales and Market Share Forecast, Africa, 2016–2025~ 20. Commercial Vehicles Market: Rise of Asian OEMs, Africa, 2016~ 21. Commercial Vehicles Market: M&HD Trucks Price Range and Features, Africa, 2016~ 22. Commercial Vehicles Market: Alternative Fuel Vehicles, Africa, 2016~ 23. Commercial Vehicles Market: Truck Telematics, Africa, 2016–2025~ 24. Commercial Vehicles Market: Key Regional Trends, North Africa, 2016~ 25. Commercial Vehicles Market: Major OEMs Portfolio, North Africa, 2016~ 26. Commercial Vehicles Market: Exhibit Models, Algeria, 2016~ 27. Commercial Vehicles Market: Market Condition, Algeria, 2016~ 28. Commercial Vehicles Market: Exhibit Models, Egypt, 2016~ 29. Commercial Vehicles Market: Market Condition, Egypt, 2016~ 30. Commercial Vehicles Market: Exhibit Models, Morocco, 2016~ 31. Commercial Vehicles Market: Market Condition, Morocco, 2016~ 32. Commercial Vehicles Market: Key Regional Trends, Sub-Saharan Africa, 2016~ 33. Commercial Vehicles Market: Major OEMs Portfolio, Sub-Saharan Africa, 2016~ 34. Commercial Vehicles Market: Exhibit Models, Ghana, 2016~ 35. Commercial Vehicles Market: Market Condition, Ghana, 2016~ 36. Commercial Vehicles Market: Exhibit Models, Kenya, 2016~ 37. Commercial Vehicles Market: Market Condition, Kenya, 2016~ 38. Commercial Vehicles Market: Exhibit Models, Nigeria, 2016~ 39. Commercial Vehicles Market: Market Condition, Nigeria, 2016~ 40. Commercial Vehicles Market: Exhibit Models, South Africa, 2016~ 41. Commercial Vehicles Market: Market Condition, South Africa, 2016~ 42. Commercial Vehicles Market: Exhibit Models, Tanzania, 2016~ 43. Commercial Vehicles Market: Market Condition, Tanzania, 2016~ 44. Commercial Vehicles Market: Strategic Imperatives, Africa, 2016~ 45. Commercial Vehicles Market: Future Outlook, Africa, 2016–2025~| 1. Urban Population Forecast by Region, Africa, 1995–2025~ 2. Commercial Vehicles Market: Engine Specifications and Vehicle Price Points, Africa, 2016~ 3. Commercial Vehicles Market: CV Sales and Forecast, Africa, 2016–2025~ 4. Commercial Vehicles Market: M&HD Trucks Market Share, Africa, 2016~ 5. Commercial Vehicles Market: LD Trucks and Buses Market Share, Africa, 2016~ 6. Commercial Vehicles Market: New Trucks Vs Imported Used Trucks Sales, Africa, 2016~ 7. Commercial Vehicles Market: M&HD Value Trucks Split and Market Share, Africa, 2016 and 2025~ 8. Commercial Vehicles Market: CV Sales and Forecast, North Africa, 2016–2025~ 9. Commercial Vehicles Market: M&HD Trucks Market Share, North Africa, 2016~ 10. Commercial Vehicles Market: LD Trucks and Buses Market Share, North Africa, 2016~ 11. GDP Growth Rate, Algeria, 2014–2019~ 12. Commercial Vehicles Market: CV Sales and Forecast, Algeria, 2016–2025~ 13. GDP Growth Rate, Egypt, 2014–2019~ 14. Commercial Vehicles Market: CV Sales and Forecast, Egypt, 2016–2025~ 15. GDP Growth Rate, Morocco, 2014–2019~ 16. Commercial Vehicles Market: CV Sales and Forecast, Morocco, 2016–2025~ 17. Commercial Vehicles Market: CV Sales and Forecast, Sub-Saharan Africa, 2016–2025~ 18. Commercial Vehicles Market: M&HD Trucks Market Share, Sub-Saharan Africa, 2016~ 19. Commercial Vehicles Market: LD Trucks and Buses Market Share, Sub-Saharan Africa, 2016~ 20. GDP Growth Rate, Ghana, 2014–2019~ 21. Commercial Vehicles Market: CV Sales and Forecast, Ghana, 2016–2025~ 22. GDP Growth Rate, Kenya, 2014–2019~ 23. Commercial Vehicles Market: CV Sales and Forecast, Kenya, 2016–2025~ 24. GDP Growth Rate, Nigeria, 2014–2019~ 25. Commercial Vehicles Market: CV Sales and Forecast, Nigeria, 2016–2025~ 26. GDP Growth Rate, South Africa, 2014–2019~ 27. Commercial Vehicles Market: CV Sales and Forecast, South Africa, 2016–2025~ 28. GDP Growth Rate, Tanzania, 2014–2019~ 29. Commercial Vehicles Market: CV Sales and Forecast, Tanzania, 2016–2025~
Author Marshall Martin
Industries Automotive
WIP Number MCDA-01-00-00-00
Keyword 1 African Commercial Vehicles
Keyword 2 African Commercial Vehicles Forecast
Keyword 3 African commercial vehicles (CV)
Is Prebook No